Ok my fam, i will focus on what to do in this market.There will be crash market reset or what you call it.That's good if you want to build your portfolio.Afrer 2021 bull, real altseason... we didn't have any REAL altseason. 5 years without altseason yeah. But we profit no matter what. ...

Core Insights - The global diamond industry is facing significant challenges due to weak demand, competition from lab-grown diamonds, and geopolitical tensions [1] Company Performance - De Beers, the largest diamond miner, reported a substantial revenue decline, accumulated approximately $2 billion in unsold natural diamonds, and announced plans to reduce its workforce by over 1,000 jobs [2] - Alrosa, a major Russian diamond producer, experienced a nearly 80% drop in profits and suspended operations at key sites, although it managed to end the year in a better position than anticipated [3] Market Dynamics - Lab-grown diamonds, which are chemically and visually identical to mined diamonds, are increasingly influencing consumer behavior and driving down prices for natural diamonds [4] - The rise of synthetic stones has prompted De Beers to shift its strategy, abandoning its Lightbox lab-grown jewelry brand to focus on marketing mined diamonds [5] Regional Impact - Botswana, the leading natural diamond exporter in Africa, has been severely affected, with significant sales declines leading to production cuts and rising unemployment [6] Consumer Trends - Analysts attribute the market disruptions to changing consumer preferences, an oversupply of lab-grown diamonds, and a slowdown in the luxury market in China [7] - Despite recent softening in lab-grown diamond prices, industry leaders believe that rebuilding confidence in natural diamonds will require ongoing branding efforts and strategic collaboration [7]